Hon Hai formally offered to invest in Sharp last week: source

Taiwan’s Hon Hai Precision Industry Co offered last week to invest in struggling Japanese display maker Sharp Corp, a source with direct knowledge of the matter said on Wednesday. Sharp is still trying to turn around its business despite a $1.7 billion (£1.1 billion) rescue in May, its second major bailout in three years. Sharp and its main lenders are ... Read More »

Citron calls Mobileye “short of the year: 2016”; shares fall

Mobileye NV’s (MBLY.N) stock is “short of the year: 2016”, influential short-selling firm Citron Research said in a tweet on Wednesday, pushing down shares of the driving assistant software maker nearly 7 percent. The tweet provided a link to a report on, which says Tesla Motors Inc (TSLA.O) is planning to discontinue Mobileye’s autopilot system and build its own ... Read More »

Lyft hires former Foursquare executive Evan Cohen to lead East Coast operations

Ride-hailing app Lyft has hired a startup veteran to lead its East Coast operations, the latest sign the company is ramping up efforts to win over regulators and beat back competitors in key cities such as New York. Evan Cohen, a former executive at Foursquare, a mobile app that provides recommendations for restaurants and nightlife, joined San Francisco-based Lyft about ... Read More »

Apple’s stock dips as concerns mount about iPhone shipments

Shares of Apple (AAPL.O) dipped on Wednesday on growing expectations that the consumer technology company may sell fewer iPhones next year than previously thought. In a note to clients on Wednesday, Bank of America cut its estimate for fiscal 2016 iPhone shipments by 10 million to 220 million, pointing to a weakening among Apple’s suppliers. In another note, Raymond James ... Read More »

Google to make driverless cars an Alphabet company in 2016: Bbg

Google plans to make its self-driving cars unit, which will offer rides for hire, a stand-alone business under its parent company, Alphabet Inc, next year, Bloomberg reported. The service could be launched in San Francisco and Austin, Texas locations, where it has tested the cars extensively, Bloomberg said, citing a person briefed on the company’s strategy. ( The fleets could ... Read More »

India to Launch Chandrayaan II Moon Lander in 2017; Solar Mission in 2019

India’s second lunar probe Chandrayaan II will land on moon in 2017 and the country’s first solar mission Aditya L1 is likely to be launched in 2019, Lok Sabha was informed Wednesday. Chandrayaan II will land on the surface of moon in 2017 and this second lunar mission will help explore the possibilities of signs of extra-terrestrial life, Minister of ... Read More »

Your Phone Is a Lightsaber in This New Game From Google

If you’re a Star Wars fan and you still have appetite for more of The Force Awakens’ titbits before the movie rolls around, Google has you covered (again). It’s called Lightsaber Escape, a browser-based game in a galaxy far, far away wherein you must fight off the evil First Order to make your escape. Google developed it by working in ... Read More »

India Funding Roundup: Housejoy, Blubirch, Cabsguru, MeraDoctor, Streamoid

Our latest funding roundup covers institutional and seed investments made in Indian startups this week, in sectors as varied as home services, cab search, reverse logistics and virtual healthcare platforms. HouseJoy Home services provider Housejoy announced Wednesday its fundraise of Rs. 150 crores in Series B round of funding. The round was led by Amazon, and new investors Vertex Ventures, ... Read More »

Isro Successfully Launches 6 Singaporean Satellites

Isro on Wednesday launched six Singaporean satellites with its Polar Satellite Launch Vehicle’s core alone (PSLV-CA) variant. The PSLV rocket – standing 44.4 metres tall and weighing around 227 tonnes – took off from the rocket port in Sriharikota in Andhra Pradesh, around 80 km from Chennai. It rose into the evening skies with fierce orange flames at its tail. ... Read More »

Amazon pulls hoverboards over safety fears

Concerns over exploding batteries leads retailer to remove self-balancing scooters, demanding proof from manufacturers that products meet safety standards Amazon has begun to pull some hoverboards from sale after fears about fires caused by the self-balancing scooters. A number of hoverboards that had been sold on Amazon have now disappeared, including all five models once reviewed by consumer affairs site ... Read More »